Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 5,571,210 shares, an increase of 160.2% from the July 30th total of 2,140,735 shares. Based on an average daily trading volume, of 146 shares, the days-to-cover ratio is currently 38,159.0 days.
Asahi Group Stock Performance
ASBRF stock remained flat at $10.00 during midday trading on Friday. 114 shares of the company’s stock traded hands, compared to its average volume of 5,150. Asahi Group has a 12-month low of $8.83 and a 12-month high of $13.45. The business has a 50-day moving average price of $9.96 and a 200-day moving average price of $10.02.
About Asahi Group
Asahi Group Holdings, Ltd. is a Japan-based beverage and food company best known for its brewing operations, including the flagship Asahi Super Dry beer. The company’s core activities span brewing, soft drinks, distilled spirits and food products. Through its primary operating subsidiaries—Asahi Breweries, Ltd., Asahi Soft Drinks Co, Ltd. and Asahi Food & Healthcare Co, Ltd.—Asahi Group offers a diverse portfolio that includes lagers, craft-style beers, carbonated beverages, juices, ready-to-drink teas and health-oriented food products.
The origins of Asahi Group date back to 1889 when Osaka Beer Co commenced operations in Osaka, Japan.
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